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Bloomberg Businessweek
Musk Says He Needs Bigger Tesla Stake to Avoid Being Ousted
Jan 25, 2024
45:46
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Max Chafkin talks Tesla earnings and Elon Musk's pursuit of a bigger stake. Michael Levy shares outlook on real estate. Keith Naughton details soaring car insurance prices. Dan Morgan breaks news on Intel earnings.
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Quick takeaways
- Long-term investing in established companies like Microsoft, Apple, Google, and Amazon is expected to yield positive results in 2024.
- The AI chip market is predicted to be a significant player in the semiconductor industry, offering potential positive returns for investors.
Deep dives
Intel Earnings Disappoint, Stock Down 6%
Intel's earnings report fell short of expectations, with the company providing disappointing guidance for the first quarter. Revenues for the first quarter were projected to be around $12.7 billion, well below the street estimate of $14.2 billion. The client computing group came in as expected, but overall guidance weighed down on investor sentiment. Despite this, long-term investors still believe in Intel's prospects and view 2024 as a potentially decent year for the company.
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